KARACHI: The Federal Investigation Agency (FIA) has arrested an accused involved in the Hawala Hundi (illegal currency exchange) and recovered more than 15.9 million.
According to Director FIA Nauman Siddiqui, FIA Cooperative Crime Circle raided two flats in Soldier Bazar in connection with an inquiry registered in Karachi from where accused Shahzad Mohammad Shakir was arrested.
According to the FIA officials, the Hawala Hundi register, mobile phone and other related records and evidence were seized from the possession of the accused.
During the operation, an amount of Rs. 15.9 millions also seized, a case has been registered against the accused in the Cooperative Crime Circle.
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Earlier, Federal Investigation Agency (FIA) arrested five suspects while taking action against the people involved in the Hawala Hundi(illegal currency exchange business).
During three separate raids conducted in different areas of Karachi, FIA teams arrested five suspects and seized currency, prize bonds cheque , computers and mobile phones worth more than 25 million.
According to Director FIA Karachi Noman Siddiqui, Corporate Crime Circle personnel raided a building on Shaheed e Millat Road and arrested travel agency owner Asif Ashraf and referral dealer Shayan Wahid. Cash, mobile phone laptop and Hawala Hundi records and other items were recovered.
